Why Taiwan’s asset owners are eager for more ETFs

Insurance companies and public pension funds in Taiwan are leading an increasing embrace of local exchange-traded fund (ETF) markets, as they seek to achieve higher yields and liquidity at lower cost. The ETF industry of Taiwan has been the world's fastest growing this year, courtesy of strong demand from local insurance companies, according to local fund industry promoters. At the end of June, the island's local ETF market had grown to a market capitalisation of $40 billion, or 3…